Is your SMSF adequately diversified?

SMSF trustees need to truly understand diversification and better diversify their portfolios. The benefits of a well-diversified portfolio are numerous but the key ones that SMSF trustees should focus on are the benefits of mitigating volatility and short-term downside investment risks, preserving capital and the long-run benefits of higher overall returns. By spreading an SMSF’s …

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Have you considered what you will do if an unexpected event occurs?

Your SMSF is a long-term plan. Much can happen during this time including illness, incapacity or death of a member. It is best practice to have contingency plans in place to deal with unexpected events. For example, if a fund member dies, leaving you as the sole member are you happy to continue with the …

End of the financial year – is your SMSF ready?

With the end of the financial year fast approaching, now is the perfect time to ensure everything is in place for your SMSF before 30 June. The following are some superannuation strategies that you might want to know more about to get the best out of your SMSF. Contribution caps Before the end of the …

2018-19 Federal Budget Update – SMSFs out of the spotlight as we head to an election

Click this link to download the report written by Jordan George, Head of Policy, SMSF Association.

Personal Superannuation Contributions – 10% rule repealed

With the end of the financial year fast approaching, it is time to start thinking about income tax deductions. Under the new Government changes to super, effective 1 July 2017, the 10% maximum earnings condition for personal superannuation contributions was removed for the 2017-18 and future financial years. This rule provided that an individual must …

Property and my SMSF

Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a diversified portfolio. There are numerous strategies and ways for property to form part of an SMSF’s investments and each must be carefully considered. Investment strategy first! Before any investment decision, …

What is my non-concessional contributions cap?

Reproduced with permission - see end of article Contribution rules changed substantially from 1 July 2017. The reduction of the non-concessional contributions cap to $100,000 per person per year from 1 July 2017 has been widely discussed. There are some other changes that are equally as important and easy to overlook. TOTAL SUPERANNUATION BALANCE CONDITION There …

ATO extends due date for 2016–17 SMSF returns

This week the ATO announced that it will extend the due date for lodgment of self-managed superannuation fund (SMSF) annual returns for 2016–17 to 30 June 2018. Deputy Commissioner James O’Halloran said “We recognise there are some major new considerations and decisions for SMSFs and their advisers to make in this first financial year of …

Important Changes to How We Communicate

We hope you had a great Christmas and New Year celebrations with family and friends. Our team is coming back to work, refreshed and excited about the year ahead. We are starting the year by rolling out some important improvements to our services. Our top priority is to deliver better customer service, all the time, …

Superannuation death benefits – Review succession plans

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament with the majority of reforms taking effect on 1 July 2017. One significant change relates to the introduction of the transfer balance cap (TBC) and the limit this imposes on the amount of capital that an individual can use to …